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Search Results 0 to 49 of about 80 (some duplicates have been removed)
CNBC
Dec 21, 2012 7:00pm EST
." president obama calls for compromise. he has an urgent plea to extend the tax cuts in the next ten days. he's basically calling for a stopgap bill that will avoid tax hikes on 98% of americans. he's willing to waiten o the rest. >>> meanwhile, stocks had a fiscal cliff selloff. but even a deal in january for the cliff is going to be all right if you ask me. and today's economic numbers pretty darn good. and the gun control debate heats up again today after a controversial nra news conference in washington. the "kudlow report" begins right now. >>> all right. let's first look at the market reaction to this fiscal cliff stuff. jackie joins us with the details. good evening, jackie. >> good evening to you, larry. while markets finished lower on the day, they were higher on the week. the dow up about .5%, the nasdaq higher by 1.7%, and the s&p 500 up by roughly 1.2% over the last five days. meantime in terms of sector performance, the financials, they had a rough day. the plan "b" proposal for the fiscal cliff. up more than 3% for the week. also technology and materials they finished l
FOX News
Dec 22, 2012 3:00pm PST
challenge from the right if he supports a tax increase. i think president obama is doing the only sane thing he can, which is reach out to the speaker and he controls the house and, that is -- and the good news for the president is the public seems by all the polls, by the fact the election came out the way it did, to be in his corner, not the speaker's. >> rick: the president -- you want to weigh in on that? >> i just -- >> rick: americans are in favor of raising taxes on the wealthiest americans and, the president did win, november 6th. >> we have seen polls that say that, they approve tax reform and want to see real entitlement reform and want to get spending under control. but, president obama has failed to bring anything up to the -- on the table, and, especially the democrats, they have been silently on entitlement reform and silent on the spending cuts and as we know, we can talk about raising taxes on the rich. but, you know, it is like having a dad with a college daughter and they need to cut up the credit cards if they are spending too much. you have to cut the spending in or
FOX News
Dec 22, 2012 8:00am PST
date tax and companies pulling back on insurance because of obama care. that hits a doubley for the middle class and they have to buy their own insurance and pay if they don't get it >> bottom line with the hobby lobby it is a private company but if they care about their beliefs and totally disagree with what the health care law is forcing them to cover . that's why they may go out of business. if they have to pay the fines, it will hurt the bottom line terribly. >> david obama care was not designed to save money. it need said a huge tax increase to fund it it is it a path of socialized medicine and all of the destruction and that is why unions and companis and employees are trying to optout of it it was a lousy piece of. that is truven to be terrible. that's what obama care is about. rick's good friend to bey cross grove was saying in the wall street journal. probably what it will lead to is a singer payer rule of socialized medicine. >> absolutely. i don't doubt it >> rich? >> i don't doubt that for a minute. obama care is doing and paralyzing growth among small businesses. you wi
CNN
Dec 22, 2012 2:00pm PST
. so how far are we from a physicifiscal cliff deal? president obama and john boehner talked yesterday, their first conversation since monday when the two sides offered up concessions on tax hikes for the wealthy. boehner offered lower tax rates for people earning up to $1 million a year. the president offered lower tax rates for people earning up to $400,000 a year, plus tweaks for computing entitlement benefits, okay? well, today boehner was very firm. his message for president obama, the ball is in your court. >> the president and senate democrats have vowed to reject and veto all of our proposals while failing to offer responsible solutions of their own. what the president has offered so far simply won't do anything to solve our spending problem, and begin to address our nation's crippling debt. and he refuses to challenge the members of his party to deal honestly with the entitlement reform and big issues facing our nation. that's why we find ourselves here today. >> president obama did not mention fiscal cliff talks in his weekly address. the president's christmas break in hawaii
CNN
Dec 22, 2012 11:00am PST
, lawmakers and president obama have left washington for christmas with no deal on tax hikes and spending cuts set to go in effect after the first of the year. brianna keilar is live in hawaii where the president is spending the christmas holiday. brianna, the president maybe a little too optimistic that a deal can be reached? aloha, by the way. >> he did say last night that he is a hopeless optimist that something can get done, but what we know, it's not going to be that big package, obviously of deficit reduction as well as dealing with these tax hikes that are set to kick in. that's not what's going to be happening, instead, he's pressing for something smaller just to a deal with stopping those tax hikes from kicking in for americans making $250,000 per year or less. and also trying to make sure that unemployment benefits are extended. listen to what president obama said last night and also listen to what some of the house republican resistance from speaker boehner to his sort of short-term plan here. >> in the next few days, i've asked leaders of congress to work towards a package tha
FOX News
Dec 22, 2012 1:00pm PST
tax cut now and, still pushing for a compromise. >> president barack obama: in this congress, laws can only pass with support from democrats and republicans and that means nobody gets 100% of what they want. everybody has to give a little bit. in a sensible way. we move forward together, or we don't move forward at all. >> reporter: the president wants to preserve unemployment benefits for 2 million americans which expire at the end of the year. >> gregg: i hope he can get back to washington with all of the snow in hawaii! see you later. >> heather: another major headline in our nation's capitol, this week. as the president nominates former presidential candidate, john kerry to become the next secretary of state. while this put an end to a weeks long debate over who might fill the post, peter doocy tells us it is far from a victory lap from the president after having to skip over one of his first choices, and, with hillary clinton still scheduled to testify on the death of four americans in benghazi, libya. >> i week after susan rice told president obama not to nominate her for secreta
CNN
Dec 22, 2012 10:00am PST
approach to the budget. republicans say president obama wants too much revenue. that's taxes in normal speak. and not enough cuts. >> at some point we have to address the spending problem we have. we can't cut our way to prosperity. we need real economic growth. many of us believe on both sides of the aisle the fundamental reform of our tax code will help us get your economy moving faster and put more americans back to work. how we get there god only knows. >> president obama doesn't see it that way. >> at some point there's got to be i think a recognition on the part of my republican friends th that, you know, take the deal. they will be able to claim that they have worked with me over the last two years to reduce the deficit more than any other deficit reduction package. >> the ceo of pimco, one of the world's largest investors in bonds. mark standee is chief investor at moody's. and christine romans, host of "your bottom line." gdp, the broadest measure of the economy grew at an annual rate of 3.1% over the summer. we just got those numbers this week. that's more than double the rat
MSNBC
Dec 22, 2012 2:00am PST
evening. i'm michael summer connish in for chris matthews. president obama calls for congress to act on a scaled down deal that would spare the middle class on tax hikes from the first of the year. he spoke with john boehner tonight but is grand bargain still possible when everybody is leaving town. then in the weeks since the shooting massacre in a town that left hand 20 children and six educators dead, we've been hearing for plenty calling for new gun control laws but little from the nra until now. in a bizarre meeting, the head of the nra said the solution to gun vie lerchs in this country is simple. more guns. armed officers, in fact, in every school. it's the same line we've heard from nra, but has the country's relationship with guns fundamentally changed since newtown? and what we saw is yet another symptom of a real problem for the gop. they don't believe in compromise and they've lurched too far to the right. >>> plus replacing hillary clinton, john kerry gets the job he's waited for his whole life. president obama tapped john kerry as the next secretary of state. >>> and let me
FOX News
Dec 22, 2012 7:30am PST
capital over a plan to avert spending cuts and big tax hikes january 1st. president obama is calling on congress to craft at least a minimal deal and confident both sides will come to an agreement. this week, republicans rejected an alternative tax plan by speaker john boehner, that would have prevented taxes from rising on income under one million a year. well, there's a new law getting ugly for the good looking. iowa supreme court bosses can legally fire anybody they see as an irresisttable atraction, he fired her because he felt she was attraction to his fidelity to his wife. >> neil: get ready for new fees to fly in the new year. from southwest airlines. you miss a flight and don't cancel your discount ticket, you're going to pay up. overweight bags get ready to lighten up your wallet more. if you're overweight get ready to be killed. just-- (laughter) southwest says it needs the money. what about letting us keep them. >> it's so ridiculous and makes me so-- the airlines fees are like tattoos, never ever go away they just go up, up, up, up. >> neil: that depends where the tattoos ar
ABC
Dec 22, 2012 6:00pm EST
next month. employers are going to with hold the tax for the 2012 rates. >> president obama is restricting the number of inaugural balls to the lowest number in 60 years. there will be only two official parties right now. there was 10 held the last time around. there will be a concert honoring military families held on saturday before the inauguration. >> before the ina ration christmas. we are three days away. the holiday came a little early for some people. the women's organization has been an outreach to families that have people that are ill or incarcerated. >> thank you for all the people have done. this is overpowering. >> tears of joy as the washington wizards and volunteers delivered bags of gifts to her home. >> my goal is not to just play barble but do things the community. >> his daughter recently passed away after a battle with cancer leaving her the garppedquanian of three grandchildren. >> it won't replace him for me but it's going to ease the pain. it's going to ease it a lot. >> gibbs herself is also fighting cancer and her family is one of many receiving a help
CNN
Dec 22, 2012 3:00am PST
, and everyone else will be paying much higher taxes. president obama is challenging congress to get it done. >> in ten days we face a deadline. in ten days under current law, tax rates are scheduled to rise on most americans. and even though democrats and republicans are arguing about whether those rates should go up for the wealthiest individuals, all of us, every single one of us agrees that tax rates shouldn't go up for the other 98% of americans, which includes 97% of small businesses. >> let's check in now with cnn's emily schmitt in washington. the president made this surprise late appearance yesterday. he urged republicans to approve, i guess what you might consider a stripped down deal. this all happened around dinner time. so a lot of folks might not have seen it. give us the details. what is he proposing? >> well, i have to tell you, a few minutes ago, president obama landed in hawaii, 72 degrees there was the temperature on the ground. certainly warmer than it is in washington, certainly warmer than the political climate that president obama left behind here here in washi
CSPAN
Dec 22, 2012 6:00am EST
. president obama moved closer to the republicans on rates, tax rates, and said that in terms of spending cuts, he was willing to make more spending cuts. all contrary to the representations' about his position that you may have heard. every time we are close to a solution, whether it was a year- and-a-half ago in the summer or right now, the republicans walkaway. when we thought we were close this week, republicans decided to follow another path, a path that led them over the cliff, a route in which they did not have the votes. that was then. this is now. let's go back to the negotiation table. we have no right to walk out the door of congress with no clear path to a resolution of this challenge. it is time to get back on track, back to the negotiating table. we must work together in a bipartisan way to create jobs, grow the economy, strengthen the middle-class, reduce the deficit, and to do so in a responsible way. we can and we must get the job done now. i am pleased to yield to the distinguished democratic legislator, steny hoyer. >> i thank the leader for her comments, and certainly
FOX News
Dec 22, 2012 11:00am PST
republicans have is that obama's panel strength and as we go over the cliff and tax rates go up. but i really think the buck stops with the president here. when you go into the negotiating sessions, paul and you're expected to make concessions, but you're expect today get something in return and boehner made a major concession on rights and the president is giving him nothing in return to take that to his caucus and say, this is what happened in the horse trading. it's all or nothing, obama seems determined to humiliate the opposition. >> paul: boehner made two concessions, first 800 billion on the table in revenue and don't raise rates when the president said no he, you've got to raise rates. he said okay, a concession on rates, an offer first we'll vote for a million dollar tax increase on those making more than a million dollars, but give me something in return. then, those negotiations went nowhere, so then john boehner went to plan b. and i mean, i think you sense at least when i talk to boehner's people the enormous frustration with the president they're not going him anything to
CSPAN
Dec 22, 2012 4:14pm EST
president obama and congress takes action, taxes will go up on january 1. the sequester will go into effect that will harm national defense. that is currently the law of the land. a house is done its part to avert the fiscal cliff. we have passed legislation that would replace the sequester with responsible spending cuts. he also passed a bill to stop all of the january 1 tax cuts. -- we also passed a bill to stop all of the generally when tax cuts. the american people reelected president obama on election date. the also elected the republican majority in the house. they gave us a mandate not to raise taxes on families and small businesses, but a mandate to work together to solve the massive debt that threatens our country's future. unfortunately the president and senate democrats have vowed to reject indeed all of our proposals while failing to offer responsible solutions of their own. what the president has offered so far will not do anything to solve our spending problem and begin to adjust our nation's crippling debt. instead he wants more spending and tax hikes that will hurt ou
CBS
Dec 22, 2012 6:30pm EST
close a deal to end the fiscal cliff crisis. taxes for 90% of us will go up in days unless an agreement is reached. president barack obama is now in hawaii for christmas with his family. yesterday, he urged the congress to adopt a stopgap measure to keep benefits flowing to unemployed workers that prevent taxes from rising on income under $250,000 a year. house speaker john boehner, he's home in cincinnati tonight. he failed the get mobs of his -- to get members of his own party to support the plan b. proposal for ending the crisis. today boehner was blaming democrats for the stale mail by refusing to include -- stalemate by refusing to include entitlements in the proposal. >> what the president is offering so far won't do anything to solve the problem. instead he wants more spending and more tax hikes that will hurt the economy. and he refuses to challenge the members of his party to deal honestly with the entitlement reform and the big issues that are facing our nation. that's why we find ourselves here today. >> president said on friday that since the deal has not been reac
KRON
Dec 21, 2012 11:00pm PST
political parties. president obama called on congress to quickly come up with a solution. to avoid the fiscal cliff. that is the end- of- the year trigger on tax hikes. and spending cuts. >> in the next few days i've asked leaders of congress to work towards a package that prevents a tax hike on middle class americans, protects unemployment insurance for 2 million americans and lays the groundwork for further work on both and deficit reduction. >>pam: house speaker john boehner failed to gain enough of his party's support for his "plan b". that proposal would have raised taxes only on those americans making more than one million dollars a year. without a deal, steep tax hikes and massive government spending cuts are set to kick in after january first. as the fiscal cliff countdown continues. house and senate members and president obama. have all recessed for the christmas holiday. >> the ninth circut court of appeals today blocked a california law which bans the controversial therapy. that aims to turn gay minors. straight. the three judge panel issued an emergency order, to put the la
CSPAN
Dec 22, 2012 2:00pm EST
obama and congress take action, tax rates will go on everyone on gingrey first. the day after that, and mandatory sequester will go into effect -- january 1st. the day after that, and mandatory sequester will go into effect. on the 10th of may, we pass legislation that would replace the sequester which irresponsible spending cuts. the events of this past week make clearer than ever that these measures reflect the will of the house. the american people reelected president obama on election day. the also elected a republican majority in the house. they give us all the mandate. not a mandate to raise taxes on families of small businesses, and meant it for us to work together to begin solving the massive debt that threatens our future. the president and senate democrats have vowed to reject an veto all of our proposals waffling to offer responsible solutions of their own. -- proposals while failing to offer responsible solutions of their own. instead, he wants more spending and more tax hikes that will hurt our economy. he refuses to challenge the members of his party to deal honestly
KRON
Dec 21, 2012 8:00pm PST
was clear in the elementary school. after a meeting today with >> party leaders. president obama called on congress to solution. to avoid some end- of- the year tax hikes. due to the fiscal cliff. >> in the next few days i've asked leaders of congress to work towards a package that prevents a tax hike on middle class americans, protects unemployment insurance for 2 million americans and lays the groundwork for further work on both and deficit reduction. >> pam: this comes after house speaker john boehner failed to gain enough of his party's support. to his "plan b". his proposal would have raised taxes only on those americans making more than one million dollars a year. without a deal, steep tax hikes and massive government spending cuts are set to trigger after january first. as the fiscal cliff countdown continues. house and senate members have already recessed for the holidays. >> president obama will nominate senator john kerry as the next secretary of state. he made the announcement at the white house today. current secretary of state hillary clinton is stepping down in janu
FOX News
Dec 22, 2012 7:00am PST
government. the more beholden to government more obama on the left and government wants to raise taxes to feed that trough. >> brenda: i scored higher than you, i went on and i had more than 50 that i could do. >> 50? >> and susan, you say this is more efficient for government? >> it can be. it it counts counter intuitive, what happens in government you create a program, you see whether it works or doesn't work, who is coming to it and if it's not working you create a new program you don't actually kill the old one, we wind up, gary b, you're finding 60 different programs seems like they're doing the same thing. if we have a tool that actually helps us identify the right people to benefit for the programs that we create and the ones that aren't getting, we kill them, we'll get the bureaucracy-- >> and all right. >> you don't believe me, but i tell you, it's true. >> brenda: is this what this online tutorial is all about it or more on the government dole? >> this is about big government what the website is about. a better example the government is not serious about reducing run away websit
CSPAN
Dec 22, 2012 7:00am EST
nor obama has been talking about a big broad deal that deals with all tax rates and the entitlements. they are talking about, can we get past where we are in the fiscal cliff. host: we are talking with steph en dinan, the political politics as a at the washington times. but our next call comes from cal in tennessee on our republican line. caller: the tax increases are not enough. when you look at 1 $3 trillion over 10 years -- this president over the last -- when you look at $1.30 trillion olver 10 years -- over 10 years, we have spent $4.60 trillion or $4.70 trillion every year. what we need is more cuts in programs so we actually have more. we need $4.60 trillion in cuts to programs. if we are going to be back on the fiscal plan we honestly need. this president was elected by people who were already democrats in 2008 and 2012. he did not have a hard time getting reelected. we made a mistake about electing this guy for sure. guest: the caller has a lot of good numbers. these are rough, but about $2.30 trillion in revenue. last, we only had $1 trillion in deficits. his point is corre
MSNBC
Dec 21, 2012 11:00pm PST
. >> president obama argued tonight that both parties can agree taxes for the middle class cannot go up. let's watch what he said. >> in ten days, we face a deadline. even though democrats and republicans are arguing about whether those rates can go up for wealthest individuals, all of us agree that tax rates shouldn't go up for the other 98% of americans, which includes 97% of small businesses. every member of congress believes that, every democrat, every republican. so there is absolutely no reason, none, not to protect these americans from a tax hike. >> david corn, why won't republicans take that deal? >> well, because i think they're scared of being accused of voting for a tax hike on the rich if they do this deal before the tax cuts expire. i mean, i think, you know, jared and i and others have said for weeks now, it would be a lot easier for republicans after the expiration of these tax cuts to come and vote for the 98% below and say hey, we took the best tax cut deal we can. that's where we are now. that's why people are talking about having to go over the cliff. but even at that point
CBS
Dec 21, 2012 6:00pm PST
looming "fiscal cliff" so that means there are now just 10 days remaining until the automatic tax hikes and spending cuts kick in january 1. disagreements over how much to raise the taxes and cut spending continued to separate democrats and republicans. president obama called on house speaker john boehner to come back to the negotiating table and avoid the "fiscal cliff." >> as of today, i am still ready and willing to get a comprehensive package done. >> the remarks came after speaker boehner failed to gather enough of his party's support to bring his so-called plan b to the floor for a vote. his proposal would have effectively raised taxes only on those americans making more than a million dollars a year. house and senate members will be back at the capital on december 27th looking for that solution. >>> wall street worried about the "fiscal cliff" talks, stocks closed sharply lower today. the dow dropped more than 120 points. the nasdaq fell 29 points. the s&p dropped, as well. >>> california cannot stop people from using the so-called conversion therapy to try to turn gay mino
MSNBC
Dec 22, 2012 4:00am PST
reaching a deal on the fiscal cliff. before heading to hawaii, president obama said he met individually with leaders of the house and senate, asking them to work toward a package that prevents a tax hike on middle class americans. >> this is something within our capacity to solve. it doesn't take that much work. we just have to do the right thing. so call me a hopeless optimist, but i still think we can get it done. >> earlier in the day, speaker boehner held a news conference. a vote on his so-called plan "b" was scrapped thursday night when it became clear it did not have enough support among house republicans to secure passage. >> a situation where because of the political divide in the country, because of the divide here in washington, trying to bridge these differences has been difficult. if it were easy, i'll guarantee you this would have been done decades before. >> joining me now, congressional reporter for "the washington post," ed o'keefe. good to see you. >> good to see you too. any kind of realistic timetable that this will be done before january 1st? >> what th
CBS
Dec 22, 2012 6:30pm EST
snowfall. >> axelrod: jeff, thank you so much. it's nine days now until the fiscal cliff of tax increases and spending cuts. still, congress has gone home for the holidays, and today president obama and his family arrived in honolulu, where they'll celebrate christmas. the president says he is ready to return to make a deal. retailers called today "super saturday." it is traditionally one of the busiest shopping days of the year. businesses are banking on it because so far this season sales numbers have not been as stroongz many had hoped to see. here's michelle miller. >> reporter: kidding around isa a specialty toy store in new york city. you won't find any of this stuff at target, wal-mart? >> no. >> reporter: the owner says today is his busiest day of the year. within the last month, what have your sales been? >> they're up from last year about 5.5% but some of that is the influence of the early hanukkah. >> reporter: he's doing better than most retailers. shopper track, which monitors consumer behavior nationwide, predicted holiday sales growth of 3.3%. they just cut it to 2.5%. >> t
PBS
Dec 21, 2012 4:00pm PST
combination of tax increases and spending cuts goes into effect, but so far, the politicians seem no closer to averting the plunge. president obama is pressing for action. he had this to say just a few minutes ago. >> i just spoke to speaker boehner and i also met with senator reid. i have asked the leaders of congress to prevent tax hikes on middle-class americans, protect unemployment insurance for 2 million americans, and lay the groundwork for further work. that is an achievable goal. that can get down in 10 days. >> president obama there on the upcoming fiscal cliff. joining me now to discuss the standoff is the bbc's ben wright. thank you very much. was there anything in the president's speech that would give us any cause for optimism that is the cliff can beat averted? >> i thought his tone was interesting. he was optimistic an exasperated at the same time. he reminded people in congress they only have 10 days left to find a deal before there's this huge hike in taxes and cuts in spending. he said a deal of some sort is an achievable goal. he reminded people in congress that n
FOX News
Dec 21, 2012 11:00pm PST
would you raise their taxes, the way it stood. no but if they had had meaningful spending cuts, yes. i mean, it doesn't make sense to raise anybody's taxes right now. but guess what, elections matter. president obama won. but we have got to get meaningful spending cuts. we are going to spend 3.8 trillion laura this year. we are going to bring in only 2.5 trillion. but out of the 2.5, every single penny is spent on the debt and all the entitlements, medicare, medicaid, social security, so unless we are talking hundreds and hundreds and hundreds of billions of dollars in spending cuts, this discussion about tax increases is just foley. it is absolutely ridiculous. harry reid said that the boehner mr. was dead on arrival. it wasn't going to pass the senate anyway. so, boehner didn't get the support of his members, enough at least and it would have been a vote for not because the senator would have said thanks, no thanks. we are going to have the leverage and we will shove whatever you want down your throats whether you like it or not. the whole situation was kind of ridiculous in the begi
FOX News
Dec 22, 2012 1:00am PST
anybody's taxes right now. but guess what, elections matter. president obama won. but we have got to get meaningful spending cuts. we are going to spend 3.8 trillion laura this year. we are going to bring in only 2.5 trillion. but out of the 2.5, every single penny is spent on the debt and all the entitlements, medicare, medicaid, social security, so unless we are talking hundreds and hundreds and hundreds of billions of dollars in spending cuts, this discussion about tax increases is just foley. it is absolutely ridiculous. harry reid said that the boehner mr. was dead on arrival. it wasn't going to pass the senate anyway. so, boehner didn't get the support of his members, enough at least and it would have been a vote for not because the senator would have said thanks, no thanks. we are going to have the leverage and we will shove whatever you want down your throats whether you like it or not. the whole situation was kind of ridiculous in the beginning. >> instead of plan b it was sort of plan b.s. it was dead on arrival. it wasn't a bold plan. you need to from o'reilly factor bold
FOX News
Dec 22, 2012 10:00am PST
, angela first. >> here is the rub, president obama knows nothing about being a great legislator and the tea party doesn't either. it's great to run on principle and sign a pledge you won't raise taxes, but in d.c., jamie, you have to compromise. ronald reagan figured that out, bill clinton figured that out, lbj was with the civil rights legislation figured that out. both sides need to come together again, it's on president obama, harry reid and the tea party. >> jamie: let's get michael in here. michael, at this point what can the president do? he's on vacation and the american people are wondering, they're selling off houses, selling off stock. they don't know what next year looks like. >> in the interest of communication, not where the president is at christmas, but speaker boehner basically asked harry reid to figure out how to get a package that he can get 100 republican votes in the house of representatives on and harry reid is very good at figuring out the compromise that angela just talked about. i completely agree with angela's point, that the tea party has the speaker held host
PBS
Dec 21, 2012 5:30pm PST
outcome that i wanted, but that was the will of the house. >> holman: boehner's plan would have raised tax rates for households making more than $1 million, whereas president obama would raise rates on incomes above $400,000. but last night, as the vote neared, it became clear that at least two dozen rank-and-file republicans still opposed any increase. so party leaders abruptly ended the session. >> the house will stand in recess subject to the call of the chair. >> holman: at that point, republicans called an emergency meeting here in their capitol conference room, and leaders told members they did not have the votes. they announced the house would break until after christmas, but did not name a date when the chamber would reconvene. today, the speaker dismissed any suggestion that the turn of events was a rejection of his leadership. >> they weren't taking that out on me. they were dealing with the perception that somebody might accuse them of raising taxes. >> holman: democrats sd the speaker had wasted a week, only to be slapped down by his own party. house minority whip steny hoyer:
CNN
Dec 22, 2012 5:00am PST
automatic tax hikes and spending cuts. >>> staying in washington, senator john kerry is in line for a new job. president obama officially nominated kerry to be the next secretary of state. he's currently the chairman of the senate foreign relations committee. secretary of state hillary clinton said she wanted to leave the job after president obama's first term. >>> well, a white christmas is in the forecast for some of us. but with it, we may see some unwanted weather. the midwest got its share this week with a blizzard in iowa and more than a foot of snow in wisconsin. the system that caused this is expected to dump inches in western pennsylvania and upstate new york today. as for christmas, the big day, let's check in with meteorologist alexandra steele. she has all the answers on who is going to see a white christmas. good morning, alexandra. >> good morning, everyone. good morning to you. meteorologically, a white christmas means there's an inch of snow on the ground christmas morning. doesn't have to be falling. just has to be there. look at this. who is going to see a white christma
KRON
Dec 21, 2012 5:00pm PST
party leaders friday afternoon, president obama called on congress to quickly come up with a solution to avert some end- of-year tax hikes associated with the fiscal cliff. >> in the next few days i've asked leaders of congress to work towards a package that prevents a tax hike on middle class americans, protects unemployment insurance for 2 million americans and lays the groundwork for further work on both and deficit reduction. >>reporter: the remarks came after house speaker john boehner failed to muster enough of his party's support to bring his "plan b" to the floor. his proposal would have effectively raised taxes only on those americans making more than one million dollars a year. >> we had a number of our members who just really didn't want to be perceived as having raised taxes. >>reporter: the two sides each left the capitol for the christmas holidays, blaming the other for inaction. democrats said thursday's failure in the house pointed to a need for more compromise by the g-o- p. >> house republicans have gotten the message loud and clear that a comprehensive solution to t
CNN
Dec 21, 2012 11:00pm PST
senate or obama will veto it? why go out on a limb and abandon the idea republicans never allow a tax hike for something just going to be an attempt at a strategic thing, and the reason they thought it would fail is it would involve trying to blame obama if we went over the fiscal cliff and republicans don't think the media would accept that narrative. i don't know. you would know better than i would about how the media would react to that. that was a feeling on the republicans part they couldn't successfully pin obama with going over the cliff. >> i never speak for the media. i speak only for myself. i don't know. it is going to really depend, don't you think? matt, you have a column back in december that said john boehner cat herder and i was thinking the cats got the better of the speaker. what do you think that means for his future? does he remain as speaker? does someone else come in and take over because it is an indication he can't control his own group? >> well, it certainly wasn't a vote of confidence. i think, john boehner was right. he gave that press conference today and s
NBC
Dec 22, 2012 6:30pm EST
: -- on friday the focus was on the fiscal cliff. mr. obama conceded a large deal may now be impossible but urged congress to at least prevent taxes from going up on middle class americans while extending unemployment insurance and laying the groundwork for deficit reduction. >> i expect democrats and republicans to get back to washington and have it pass both chambers. and i will immediately sign that legislation into law. >> reporter: house speaker john boehner also headed home after a bruising week. his own conference refused to back his proposal, which would have allowed taxes to go up on the wealthy, delivering a stinging blow to his leadership. today he faulted the president and congressional democrats for the impasse. >> unfortunately, the president and senate democrats have vowed to reject and veto all of our proposals while failing to offer responsible solutions of their own. >> reporter: the prospects for a deal remain grim. on friday senate republican leader mitch mcconnell said his strategy forward is unclear, but stressed time is running out. >> the u.s. economy
KICU
Dec 21, 2012 11:30pm PST
force one tonight to head to his home state. but not before president obama acknowledged that no deal has been made to avoid the fiscal cliff. coming up, the president's message to congress today in hopes of avoiding tax hikes and spending cuts. >>> different solution to gun violence. what this man says it is time to do about guns and his push to make it happen. >> a foot of new snow [ bells ] >>> the names of each victim killed in the connecticut school shooting at sandy hook elementary school in newton, connecticut were read today. mourners observed a moment of silence to mark one week. many gathered in the rain outside the school to pay respects. >>> the head of the national rifle association layed out a plan to stop the killings. ktvu's eric rasmussen found one man who is leading a different fight to treat gun violence as a public health epidemic. >> reporter: he is one of hundreds of petitions that sprung up since the tragedy at sandy hook elementary school. >> reporter: as the national rifle association took the podium in washington. >> the only thing that stop as bad guy w
FOX
Dec 21, 2012 10:00pm PST
president obama acknowledged that no deal has been made to avoid the fiscal cliff. coming up, the president's message to congress today in hopes of avoiding tax hikes and spending cuts. >>> different solution to gun violence. what this man says it is time to do about guns and his push to make it happen. >> a foot of new snow in the sierra, the storm that caught drivers off guard. >> and our coverage continues, mark tamayo will have the already forecast. forecast-- will have the holiday forecast. Ño [ bells ] >>> the names of each victim killed in the connecticut school shooting at sandy hook elementary school in newton, connecticut were read today. mourners observed a moment of silence to mark one week. many gathered in the rain outside the school to pay respects. >>> the head of the national rifle association layed out a plan to stop the killings. ktvu's eric rasmussen found one man who is leading a different fight to treat gun violence as a public health epidemic. >> reporter: he is one of hundreds of petitions that sprung up since the tragedy at sandy hook elementary school. >
CBS
Dec 21, 2012 5:30pm PST
individuals, all of us-- every single one of us-- agrees that tax rates shouldn't go up for the other 98% of americans. >> reporter: the president met with harry reid at the white house and spoke with house speaker john boehner. mr. obama said lawmakers need a break from fiscal cliff frustration-- much of it self- induced. >> we move forward together or we don't move forward at all so as we leave town for a few days to be with our families for the holidays, i hope it gives everybody some perspective. >> reporter: the president will follow his own advice. lawmakers and return to washington if there is a deal. >> pelley: major, thank you. as you know, this debate is all about bringing the federal budget under control. if the white house and congress can't figure it out, big across- the-board budget cuts and those tax increases we mentioned kick in automatically january 1. the so-called fiscal cliff. the republican speaker of the house tried to force through his solution last night but he couldn't keep his own party in line. nancy cordes is at the capitol. nancy? >> reporter: scott, this wa
WETA
Dec 22, 2012 6:00pm EST
cliff. the main objective that obama had was not a fiscal 1 but political, to follow the victory in november by creating civil war among republicans over the tax issue, which is exactly what happened. he said the 1 requirement i have for any deal is hiking tax rates. the reason that boehner was not able to do plan b was because it involved breaching the principle, which she did openly and said he was ready to do it. then conservatives said they would not do it. that is now a fracture in the party that will be extremely hard to reconcile. if you can not, how did you get a deal done before january 1? i am not sure they can be done that is essentially the problem the president faced with boehner two years ago, last year. can he deliver? how can you negotiate with someone who cannot deliver his side? >> you go to people for support, at least three of whom have lost their committee assignments. how can you expect them to come into your way of thinking? >> and they were growing when john boehner went down, taking some delight, but that was cleared, that was pre-cleared by the leadership.
FOX Business
Dec 21, 2012 7:00pm EST
republicans and the far left in mr. obama's party. the president met with senate majority leader harry reid this afternoon and talked with speaker boehner to begin anew that effort to reach compromise. >> averting this middle-class tax hike is not a democratic responsibility or republican responsibility. with their foes the american people have determined that governing is a shared responsibility between both parties in this congress laws can only pass with support from democrats and republicans, and that means nobody gets 100 percent of what they want. lou: there are only ten days remaining to the fiscal cliff. president obama headed to value within actually minutes, and members of congress have also gone home for chrrstmas vacation already. in a news conference today, speaker boehner admitted negotiations with the president have, indeed, been difficult. >> until the president on monday, these are my bottom lines. the president told me that his numbers, $1 trillion in new revenues, 850 billion in spending cuts was his bottom-line. he could not go any further. lou: and he didn't.
PBS
Dec 21, 2012 6:30pm PST
raised taxes on income over $1 million. he says it is now up to president barack obama to come up with a solution. >> what could that mean for ordinary americans? our reporter went to find out. >> store manager jennifer thomas sells trendy designer fashions at her boutique in the u.s. capitol, washington, d.c. it is a tough business. competition is fierce, and it could get worse if the u.s. were to slip over the fiscal cliff. automatic tax hikes across the board would mean less disposable income for american consumers. >> i think our biggest concerns here are we will not be seeing people purchase as many items as they have in the past. we will see people buy jeans and a top, but they will not buy an additional pair of jeans or a dress on top of that. >> many customers are already pinching pennies. >> it has put a lower ceiling than normal on what we can spend for the holidays, our expenditures for our home, our plans for next year, with trips we may or may not go on. >> but the budget control act leading to the fiscal cliff is about more than just tax hikes. automatic public spend
MSNBC
Dec 22, 2012 9:00am PST
thought without it raise tax owes those making over $1 million. i think what the problem of going over the cliff, republicans and doing a tax cut, would give up some of the leverage probably enforcing president obama to come to the table with more spending cuts. if they go over the cliff they believe more americans will blame republicans. some polls show that americans are fed up and would blame both parties. i think that'sing? they would have to keep in mind. >> let's take a listen to what speaker boehner said friday. here it is. >> many of us believe on both sides of the aisle the fundamental reform of our tax code will help us get our economy moving faster and put more americans back to work. and -- more americans -- how we get there, god only knows. >> we know the president will work on it and will head back to washington after christmas to try hammer out a deal before new year's. what bargaining chips are left at this point? even for a scaled-back deal. >> there are not a lot of bargaining chips left. here's part of the problem. the speaker and the president really are not that fa
FOX
Dec 22, 2012 6:00pm EST
his previous push for sweeping reforms. >> the american people re- elected president obama on election day. they also re-elected a republican majority here in the house. in doing so, they gave us all a mandate. it was not a mandate to raise taxes on families and small businesses. it was a mandate for us to work together to begin solving the massive debt that threatens our country's future. unfortunately, the president and senate democrats vowed to reject and vetoed all of our proposals while failing to offer responsible solutions of their own. >> the chance for any deal may now be up to the democratally controlled senate since the speaker's plan to allow taxes to be raised for millionaires have gone down. >>> the first lady and president will attend the funeral for senator daniel inouye. >>> massachusetts voters faced another race since john kerry is now the official nominee for secretary of state. the state will have to hold a third senate election since 2010, if he is confirmed. steve doocy has more. >> reporter: a week after u.n. ambassador susan rice says not to nominate h
CNN
Dec 21, 2012 10:00pm PST
, president obama laying out a possible agreement to avoid the fiscal cliff. the president says it would protect middle-class americans from a tax hike, extend unemployment benefits and set a framework for future debt reduction steps. that announcement came after he met with congressional leader. lawmakers will only have a few days to make a deal after they return from christmas break. president obama also announcing john kerry to replace hillary clinton as secretary of state. senator kerry currently chairs the foreign relations committee. president obama credited him with playing a central role in every major foreign policy debate for nearly 30 years and called on the senate to swiftly confirm his nomination. the u.s. marine veteran jailed in mexico on weapons charges is back in the u.s. tonight. his release comes from his mother. he was arrested four months ago after declaring an antique shotgun at the border. mexican authorities said the weapon did not comply with their gun laws. anderson. >> there are obviously going to be more funerals in newtown this weekend. another funeral just t
FOX News
Dec 22, 2012 9:00am PST
the crippling debt. he wants more spending and tax hikes and that will hurt our economy . he refuses to challenge the members of his family to deal with entitlementriform and the big issues that are facing our nation. president obama said a deal could be reached but that appears unlikely. he took off for hawaii and landed with his family for a shorter than usual christmas break. he said he is it a hopeless optmist. he is scaling back and pushing for a tax cut for the middle class and calling for compromise. it can only pass from democrats and republicans and no one gets 100 percent of what they want. everyone has to give a bit in a sensible way. we move forward together or not at all. in addition to making bush era tax cuts permanent for the middle class. let president want to preserve unemployment benefits if congress doesn't act. that know amount to an achievable goal and something that can get dun before the end of the year. >> steve, thank you for that. and now turning to the scathing report against the state department. it is fueling out a debate over what they call the grossly
MSNBC
Dec 21, 2012 5:00pm PST
at the office, but let's not give up on this. president obama has gone back to the basics. the days of the grand bargain he knows are over. but the president wants an extension on tax cuts for income below $250,000, as well as extended unemployment benefits. what is wrong with that? spending cuts can be dealt with later on in the future. and of course as luck would have it, there is already a bill exactly like this sitting in the united states senate. harry reid passed it back in july, and republicans refused to vote on it. boehner, why don't you vote on that? the time for complaining about this deal totally over. >> nobody can get 100% of what they want. and this is not simply a contest between parties in terms of who looks good and who doesn't. >> don't you think republicans need to be careful about pushing back on this for the good of the country? if no deal is struck this year, president obama, what does he have? well, he's got the inauguration coming up. a big platform. he's got the state of the union address coming up. a big platform. he is going to have a better chance to hav
MSNBC
Dec 21, 2012 10:00pm PST
has a 400,000 threshold for taxpayers that included the cpi. obama has done everything he can to convince the republicans to take a deal that under normal circumstances would be a huge victory for them. they are changing entitlement programs, protecting tax cuts for 99% of the public, getting trillions through the deal -- in the summer of 2011. that is a very much conservative victory. but obama can't seem to get boehner to say yes, i claim victory on this one. and it is remarkable that that is the second time he offered cuts to social security benefits, and boehner is not willing to accept it. >> what are the white house's terms once you hit january one. and will all the same stuff be on the table? or will the president simply demand a fix in the tax rates as a starting point, pass the bill that fixes the tax rates first, then you can come up here and talk about the other stuff. >> it is a great point. and you know one of the understated aspects of this whole negotiation process is how much unemployment insurance, the payroll tax cut, and infrastructure spending has kept the whi
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